Why you should make a Will
Many people are reluctant to make a Will: there are two main reasons for this – either because of the fear of facing the consequences of his/her death; or because this is a snapshot of life and things change: there could be a change of mind; there’s a new baby on the way; somebody’s getting married – any number of things.
Imagine you are off on holiday and how you prepare for that. You make sure that your bills are paid, that you stop milk/paper deliveries, your pet is looked after. You take holiday insurance to make sure that if you have an accident abroad you can be shipped home if necessary.
Well, writing a Will is exactly the same thing: you are making sure that arrangements are made on your death as you would wish, how you would wish your estate to be disposed when you no longer need it.
If you don’t make a Will, there is a legal format for how everything is disposed: and this may not fit with your requirements.
When you write a Will, it is important that you ensure it is properly constructed so that your wishes are correctly interpreted. And it’s important to review your Will on a regular basis, say each 3-5 years, to ensure that there have been no major life changes that would cause you to change the plans you had – like a divorce.
By putting a Will in place there are other benefits apart from the satisfaction that you have left your loved ones with a clear understanding of your wishes and making things simple for them; it is likely to mean they will benefit more quickly from reduced delays through probate and could mean that there is less tax to pay.
So contact us today to discuss how making a Will could be the best thing you do this year!